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Research and Development Expenditures and Economic Growth in the EU: A Panel Data Analysis.
- Source :
- Economics & Business; Aug2016, Vol. 29 Issue 1, p5-11, 7p
- Publication Year :
- 2016
-
Abstract
- The main aim of the paper is to investigate the empirical relationship between research and development (R&D) expenditures and economic growth in the European Union member states in the period of 2000-2013. The empirical analysis is based on panel data regressions. The estimated model is the production function type standard growth model extended with R&D stock variable. The results show a statistically significant impact of R&D expenditures on the economic growth in the EU countries. The significance for R&D coefficient remains robust to different sub-periods, but the level of significance decreases as a sub-sample of new EU countries was considered. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 22560386
- Volume :
- 29
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Economics & Business
- Publication Type :
- Academic Journal
- Accession number :
- 118203686
- Full Text :
- https://doi.org/10.1515/eb-2016-0016